Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 2, 2017 indicate that former Florida-based LPL Financial Services broker/adviser Melvin Case has received a pending criminal charge and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Case (CRD# 2393464).
Melvin Case has spent 23 years in the securities industry and was most recently registered with LPL Financial in Jacksonville, Florida (2008-2017). He was previously registered with Pruco Securities in Jacksonville, Florida (1993-2008). He has passed two securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 3, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 13, 1995; Series 7 (General Securities Representative Examination), which he obtained on May 19, 1998; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 14, 1993. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints and one pending criminal charge, and was recently discharged from his former employer.
In August 2017 a customer alleged Melvin Case, while employed at LPL Financial, misrepresented material facts and made unsuitable recommendations. The complaint settled in September 2017 for more than $9,000.
In May 2017 he was terminated from his position at LPL Financial following allegations “of criminal charges involving exploitation of an aged adult after converting the victim’s money” for his personal use.
In 2016 he was charged in the 4th Judicial Circuit Court in Duval County, Florida with one count of Exploitation of Aged Adult. He pled guilty; his disclosure lists his sentence as “Adjudication of guilt withheld – 24 months’ probation.”
In 2004 a customer alleged Melvin Case, while employed at Pruco Securities, recommended unsuitable investments, misrepresented material facts, and failed to properly allocate assets. The complaint settled in 2006 for $100,000.
If you or someone you know has complaints regarding Melvin Case, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.